Investor Nelson Peltz may plan to break up P&G

Speculation is rife that activist investor Nelson Peltz will use the $3.5bn (£2.81bn) stake that his company, Trian Partners, has acquired in P&G to break up the FMCG giant.

The New York Times has theorised that Peltz may be keen to break up P&G based on his previous (but unsuccessful) attempts to do so with PepsiCo. The paper also reported that analysts from Bernstein have already sent letters to David Taylor, chief executive of P&G, supporting the idea. 

In a public statement, P&G said it "welcomed all investment" in the company but declined to comment further.

P&G has been under shareholder pressure to improve its top line, reported the FT. It has already reduced its marketing and other costs by $7bn, and Taylor has promised to cut a further $10bn. 

The group has also been streamlining its stable of brands, selling 40 off to Coty in 2015. 

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